Answer:- A 25 year lease of unimproved land in Texas
Reason:- Under 1031 exchange rules, the ownership of like kind property should be acquired. Leases do not give ownership to the user. There is no requirement for the received property to be exactly what was exchanged. A real property should be exchanged for real property.
Question 66 of 75. James, who lives in Texas, is searching for like-kind replacement property for...
E. Can have any ju 4. The following does NOT qualify as "like kind" property for a $1031 exchange. A. Office building for raw land. B. IBM stock for Google stock C. Rental apartment building for commercial farm land D. Single family rental real estate for the Trump Tower building E. All of the above qualify as "like kind" property for a $1031 exchange
24 which of the following doesnt qualify as like kind property for 1031 exchange a office building for raw land' b IBM stock for google stock c rental apartment building for commercial farm land d single family rental real estate for the trump tower building e all above qualify
Please see attached Pictures. This is a homework assignment for Legal environment of Business that i need help solving. Stacy mails Jennifer an offer to sell Jennifer 43 bags of rice for $107.00. Jennifer replies to Stacy by mail, stating, " agree to pay $105.75 for 43 bags of rice. Neither Stacy nor Jennifer are merchants. What is the status of Stacy's offer. 1. a. Jennifer has accepted it b. Jenifer has rejected it and counteroffered c, Jennifer has breached...